High-tech employment surges to record levels in 2024
High-tech employment surges to record levels in 2024
CBS data shows high-tech now makes up nearly 10% of Israel’s workforce, reaching a record 402,800 salaried jobs in July. The average salary dropped by 2.2%.
The number of salaried jobs in high-tech in Israel continues to break records, reaching 402,000 in July. This follows May, when the 400,000 mark was crossed for the first time (401,300), and June, which maintained a similar level (401,200). These figures are based on data for the average salary and salaried jobs for the month of July, published on Sunday by the Israeli Central Bureau of Statistics (CBS).
Twice in the past, the number of salaried jobs in high-tech reached 400,000—in June 2023 and March 2024—but only in the last few months has this number consistently exceeded that threshold. In July, salaried jobs in the high-tech sector accounted for 9.8% of all salaried jobs in the economy, similar to the level in June 2024.
Of the salaried jobs in high-tech, 54.2%—or 218,000 jobs—were in the field of programming, 21% were in manufacturing, and 13.2% were in scientific research and development.
The CBS data also shows that the average salary in high-tech decreased by 2.2%, from 32,200 shekels (approximately $8.423) in June to 31,500 shekels ($8,240) in July. This maintains a range between the high of 35,800 shekels recorded in March and the low of 29,800 shekels in May.
A flash estimate of the average wage in the economy and the number of salaried jobs for August, also published by the CBS on Sunday, shows that the average wage in the economy decreased by 1.6% to NIS 13,368. The number of salaried jobs in the economy decreased by 3%, to 3.985 million in August. However, at least part of this decline is seasonal. Compared to August 2023, there was a 1% decrease.
